Housing Starts Down As Buyers, Builders Pull Back

Housing Starts Down As Buyers, Builders Pull Back

ByTMN Editor Reading Time: 2 minutes

Housing construction fell sharply in October, another miss for the rapidly constricting housing market. Starts for both single- and multi-family units dropped by 4.2% month-over-month to an annualized rate of 1.425 million units, according to data from the U.S. Census Bureau. Economists surveyed by MarketWatch had expected housing starts to register a 1.41 million rate…

Rent Growth Is Slowing, But Only For Higher-Priced Properties

Rent Growth Is Slowing, But Only For Higher-Priced Properties

ByTMN Editor Reading Time: 2 minutes

Rent growth decelerated for the fifth straight month, but renters in lower-priced units are still feeling the squeeze as homeownership remains out of reach for most Americans. Single-family rents increased only 10.2% YOY in September, down from 13.9% in April 2022, according to recent data from CoreLogic. This is still double the pre-pandemic growth rate,…

End of content

End of content